600 Shares in Equinix, Inc. $EQIX Acquired by Intrua Financial LLC

Intrua Financial LLC acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 600 shares of the financial services provider’s stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC grew its holdings in shares of Equinix by 61.2% during the 4th quarter. TD Private Client Wealth LLC now owns 316 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 120 shares in the last quarter. Tucker Asset Management LLC acquired a new position in Equinix in the fourth quarter valued at about $102,000. Sapient Capital LLC acquired a new position in Equinix in the fourth quarter valued at about $430,000. North Dakota State Investment Board bought a new stake in Equinix during the fourth quarter worth about $2,567,000. Finally, Elyxium Wealth LLC bought a new stake in Equinix during the fourth quarter worth about $103,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. HSBC raised their target price on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, April 27th. Evercore reiterated an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. Wells Fargo & Company lifted their price objective on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Sanford C. Bernstein started coverage on shares of Equinix in a research report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price objective for the company. Finally, TD Cowen upped their target price on Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

Insider Buying and Selling

In related news, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the sale, the chairman owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This trade represents a 41.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adaire Fox-Martin sold 1,086 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $966.20, for a total value of $1,049,293.20. Following the sale, the chief executive officer owned 19,574 shares in the company, valued at $18,912,398.80. This represents a 5.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,729 shares of company stock worth $11,980,800 in the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Trading Down 1.3%

Shares of Equinix stock opened at $1,048.43 on Wednesday. The firm has a market capitalization of $103.40 billion, a PE ratio of 72.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm’s 50 day moving average is $1,030.84 and its 200 day moving average is $891.04. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $9.67 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio is presently 142.84%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.